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Leaders convene for UN assembly Leaders convene for UN assembly
(about 5 hours later)
World leaders are due to meet in New York for the opening of the annual United Nations General Assembly. World leaders are gathering in New York for the opening of the annual United Nations General Assembly.
Correspondents say the meeting will be dominated by recent turbulent events in the world economy.Correspondents say the meeting will be dominated by recent turbulent events in the world economy.
George W Bush, in his last speech to the assembly as US president, is expected to focus on his rescue plan for US financial institutions.George W Bush, in his last speech to the assembly as US president, is expected to focus on his rescue plan for US financial institutions.
Tensions between Russia and the West in the wake of the Georgia conflict are also expected to come up.Tensions between Russia and the West in the wake of the Georgia conflict are also expected to come up.
Mr Bush will speak shortly after UN Secretary General Ban Ki-moon opens the session.Mr Bush will speak shortly after UN Secretary General Ban Ki-moon opens the session.
French President Nicolas Sarkozy and Iranian leader Mahmoud Ahmadinejad are also due to speak later on Tuesday. French President Nicolas Sarkozy and Iranian leader Mahmoud Ahmadinejad are also due to address the Assembly later on Tuesday.
African fearsAfrican fears
There is an unusual air of anxiety at the UN this year, BBC's Bridget Kendall reports.There is an unusual air of anxiety at the UN this year, BBC's Bridget Kendall reports.
Leaders have been hastily rearranging meetings so that they can focus on the financial crisis.Leaders have been hastily rearranging meetings so that they can focus on the financial crisis.
Mr Bush is expected to discuss his administration's $700bn plan to buy back much of the bad debt held by US banks and financial institutions.Mr Bush is expected to discuss his administration's $700bn plan to buy back much of the bad debt held by US banks and financial institutions.
African leaders are concerned that the crisis means less funding for fighting poverty.African leaders are concerned that the crisis means less funding for fighting poverty.
Friction between Russia and the West, mounting violence in Pakistan and Afghanistan, and concerns over nuclear work in North Korea have all added to a sense of crisis, our correspondent adds. Friction between Russia and the West, mounting violence in Pakistan and Afghanistan, and concerns over nuclear work in North Korea have all added to a sense of crisis, our correspondent says.